Technology-Based Education Company Stride Forecasts EPS To More Than Double By 2028: Details

Stride Inc (NYSE: LRN) disclosed its long-term strategy ahead of investor day yesterday.

The company expects FY28 revenue of $2.7 billion-$3.3 billion, adjusted operating income of $415 million-$585 million, and EPS of $6.15-$8.35.

James Rhyu, Stride CEO said, "We also see a clear path to addressing more students by adding innovative new products and entering new markets. Stride is positioned to be able to change the future for millions of students while continuing to drive shareholder value over the long-term."

Last month, Stride reported Q1 FY24 revenue of $480.2 million, exceeding the consensus of $451.2 million, and EPS of $0.11 was better than the EPS loss estimate of $(0.35). 

In its Q1 report, Stride said it expects Q2 revenue of $490 million-$510 million and adjusted operating income of $80.0 million-$90.0 million, with FY24 revenue of $1.96 billion-$2.03 billion and adjusted operating income of $250.0 million-$275.0 million.

Price Action: LRN shares closed higher by 2.15% at $57.96 on Tuesday.